James River Group Holdings, Ltd. (NASDAQ:JRVR) Plans Quarterly Dividend of $0.05

James River Group Holdings, Ltd. (NASDAQ:JRVR) announced a quarterly dividend on Monday, August 5th, Zacks reports. Investors of record on Monday, September 16th will be given a dividend of 0.05 per share by the insurance provider on Monday, September 30th. This represents a $0.20 annualized dividend and a yield of 2.67%. The ex-dividend date is Monday, September 16th.

James River Group has decreased its dividend payment by an average of 45.0% annually over the last three years. James River Group has a dividend payout ratio of 11.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect James River Group to earn $2.15 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 9.3%.

James River Group Trading Up 5.0 %

James River Group stock traded up $0.36 during midday trading on Wednesday, reaching $7.50. The stock had a trading volume of 117,792 shares, compared to its average volume of 852,615. The firm’s fifty day simple moving average is $7.77 and its two-hundred day simple moving average is $8.54. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.57 and a quick ratio of 0.57. James River Group has a twelve month low of $6.35 and a twelve month high of $17.50. The firm has a market cap of $283.70 million, a price-to-earnings ratio of -3.42 and a beta of 0.16.

James River Group (NASDAQ:JRVR) last released its earnings results on Monday, August 5th. The insurance provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.09). The business had revenue of $188.30 million during the quarter, compared to analysts’ expectations of $169.39 million. James River Group had a negative net margin of 10.56% and a positive return on equity of 12.85%. James River Group’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.53 EPS. Equities analysts anticipate that James River Group will post 1.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on JRVR shares. Compass Point cut their price objective on James River Group from $12.50 to $12.00 and set a “buy” rating for the company in a report on Wednesday. Truist Financial cut their price objective on James River Group from $9.00 to $8.00 and set a “hold” rating for the company in a report on Wednesday. Finally, JMP Securities cut their price objective on James River Group from $14.00 to $11.00 and set a “market outperform” rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.17.

James River Group Company Profile

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance services. It operates through Excess and Surplus Lines, and Specialty Admitted Insurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance in the United States Puerto Rice, and the United States Virgin Islands.